Julia Hailes

The Company's principal activity is that of an Investment Trust Company. The objective of the Company is to provide capital growth by investing worldwide in companies that are responding positively to the challenge of environmental sustainability or are making a commitment to social well-being. The Company is an Investment Company within the meaning of Section 266 of the Companies Act 1985. The Company has been approved by the HM Revenue & Customs as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 31-Dec-2004. Investment management services are provided by Jupiter Asset Management Ltd for a fee payable quarterly in arrears at the rate of 0.1875% (exclusive of VAT). The agreement is terminable by either party by not less than one year's notice.